Sumitomo Mitsui Banking Corporation – SMBC Group’s Post

The total investment banking (advisory & underwriting) revenue for the three banks (Citi, JPMorganChase, and Goldman Sachs) is now $5.03 billion, with advisory accounting for $1.7 billion, equity at $1.09 billion, and debt at $2.19 billion. According to our earlier report, the five major US banks need to meet or exceed a total quarterly revenue of $7 billion in order for the year to finish on a strong note. Can Morgan Stanley and Bank of America deliver the remaining $2 billion? #investmentbanking #earnings #underwriting #advisory #revenue #goldmansachs #gs #citigroup #citi #jpm #jpmorgan #jpmorganchase #bankofamerica #bofa #bac #morganstanley #ms

FY2023 Investment Banking Division Revenue Results for Leading U.S. Bulge Bracket Banks (amended: Citi FY revenue %) Ranked By - Revenue (USD) 1) J.P. Morgan 2) Goldman Sachs 3) Morgan Stanley 4) Citi 5) Bank of America - Year-Over-Year % Change 1) J.P. Morgan 2) Bank of America 3) Citi 4) Morgan Stanley 5) Goldman Sachs #investmentbanking #Revenue #FY2023 #advisory #underwriting #equity #debt #capitalmarkets #globalcapitalmarkets #ranking #performance #jpmorgan #goldmansachs #citi #morganstanley #bankofamerica

UBS 💥 $29bn Record Profit 🚀 on Credit Suisse Takeover 🤝   UBS 📈, the Swiss multinational investment bank and financial services company reported a record quarterly profit of $29bn in the second quarter of 2023, thanks to the 💰 accounting gain it recorded on the takeover of Credit Suisse 🏦. The profit is the biggest ever quarterly profit for a bank, and it comes just 5 ️months after UBS agreed to rescue its ailing rival. The merger of UBS and Credit Suisse 🤝 will create a new banking giant with over $1 trillion 🏦 in assets. It will also make UBS the world's largest wealth manager 💰, with over $4 trillion 🏦 in assets under management. The bank has been cutting costs and restructuring its business, and it is now focusing on its core strengths of wealth management and investment banking 💰. The complete integration of both entities is expected to be completed by 2025. #banking #finance #mergersandacquisitions #UBS #CreditSuisse #wealthmanagement Source: Financial Times

For Citigroup (C), 2023 was an important year when it initiated a major organizational restructuring to become a streamlined and more efficient business. In the new phase of its journey, the investment bank’s focus is on delivering on its medium-term targets. Citi #citigroup #earnings #banking #financial #investmentbank #jpmorgan Read More📖: https://lnkd.in/ggYDQVPC https://lnkd.in/gRQtxZp9

The UBS Global Wealth Report 2023 is sharing leading expertise and insights on how to address business growth and navigate the future. This edition is created jointly by Credit Suisse and UBS. #wealthmanagement #strategy #privatewealthmanagement #valuecreation #UBS #creditsuisse #2023report

UBS, a Swiss multinational investment bank, has sold approximately $8 billion worth of assets from Credit Suisse to Apollo Global Management, Inc. This move comes as part of UBS's efforts to reduce its exposure to Credit Suisse after the latter faced significant losses and legal challenges. The sale is expected to help UBS mitigate risks associated with its exposure to Credit Suisse and improve its overall financial position. #marketfacts #stockmarket #UBS #bank #investment #creditsuisse #apollo #apolloglobalmanagement #loss #financialnews #finance #news

What Role do Investment Banks Play in Facilitating #CorporateFinance Transactions? As economies flourish, so does the demand for #investmentbankingservices. Robust growth fuels increased needs for #underwritingsecurities, managing corporate finance transactions, and delivering financial advisory services. #Investmentbanks, acting as vital connectors between businesses and investors, play a pivotal role in fostering capital flows and driving economic expansion. Thus, the symbiotic relationship between economic growth and market activities propels the upward trajectory of the investment banking market. Key Market Players: Credit Suisse , JPMorgan Chase & Co. , HSBC , UBS , Barclays , Citi , Bank of America, Goldman Sachs, Morgan Stanley, Deutsche Bank Explore More Insights: https://lnkd.in/dtSr_UrE #AMR #InvestmentBankingGrowth #EconomicProsperity #MarketActivities #CapitalFlows #CorporateFinance #FinancialAdvisory #BusinessInvestorConnection #SymbioticRelationship #UnderwritingSecurities #EconomicExpansion

UBS GROUP1 a global leader in banking, and Apollo Global Management, Inc., a leading American asset manager, have made a huge step in the world of finance. These giants have agreed to divest the former Credit Suisse securitized products #business. In this historic transaction, Apollo will acquire an impressive $8 billion of senior secured financial assets from UBS! This deal is part of a broader integration of Credit Suisse with UBS, which was designed by the Swiss authorities to rescue the former competitor. This move underscores UBS' determination to continue its growth and expansion in the global market. Such agreements not only shape the future of the financial sector, but also create new opportunities for investors and clients around the world. #UBS #ApolloGlobalManagement #CreditSuisse #finance #investment #fintech #banking #securitization #swiss #financialnews

How much money does it take to get the attention of a "bulge bracket" wealth manager? In this case, UBS is shutting down their Asian accounts if they have less than $2 million in assets, which means these accounts are viewed as breakeven ... or worse. Firms with high-cost structures must do this to maintain a margin to stay in business. For individuals with accounts balances <$2-3 million need to think carefully about the level of service they receive (not the level service the firm has the ability to deliver) when choosing a wealth manager.